themarketzone
Long

1900-1910 Support zone failed - 1870-1880 next

FX:SPX500   S&P 500 index of US listed shares
142 1 1
The potential Aggressive C entry in $SPX             failed as bearish sentiment continues to drive markets lower.
It is still Monday and there are plenty of economic coming later this week, but no doubt that the breaking of 1900 provides another bearish signal.

Two things to monitor now:
1. 1870-1880 - Structure zone that can provide support and potentially weekly double bottom .
2. A close above 1900$ will provide a False Break Signal and perhaps reason to go long.

Notice that $SPX found the support on 1870. Heading higher
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